HaystackID, a company that provides e-discovery services for law firms and corporate legal departments, said today it has acquired Business Intelligence Associates (BIA), an end-to-end e-discovery service provider, as part of a deal facilitated by majority investor and leading middle-market private equity firm, Quad-C Management, Inc.
Hal Brooks, CEO of HaystackID, said the acquisition expands the company’s capabilities in the support and delivery of complex enterprise discovery solutions, especially in New York, where BIA is headquartered.
“This deal follows a period of organizational alignment and internal investment around innovation, technology, and advisory services and builds on several years of investment and growth,” Brooks said in a statement. “All of these internal and external investments position us well for additional future international growth across all of our business lines.”
Brian Schrader, BIA’s president and CEO, is joining HaystackID, where he will continue to lead BIA’s work. He said that the deal will benefit BIA’s corporate clients in enabling BIA to offer greater levels of support and services.
“Our team worked tirelessly to reach this milestone, and we are honored to join forces with what is fast becoming one of the preeminent service providers in the world,” Schrader said.
This is HaystackID’s fifth major acquisition since April 2018, when it acquired Envision Discovery, an e-discovery managed services provider, and Inspired Review, a managed review and remote review services provider, followed by its January 2019 acquisition of managed services provider eTERA Consulting.
In February 2020, HaystackID completed a strategic recapitalization with Quad-C to support continued growth and expansion, and then acquired NightOwl Global in August 2020.